A further increase is expected for booklet A next year. After having increased twice in 2022, the Livret A rate will rise again in February 2023. “There will be a new increase at the beginning of February,” declared the governor of the Banque de France, François Villeroy de France, this Friday morning. Galhau. , in franceinfo. The governor, who specified that this new rate would be calculated “in mid-January” by the Banque de France, did not give a figure on this expected increase.
The rate was still stuck at 0.5%, a record low, at the start of the year. The remuneration increased from 0.5% to 1% in February and then doubled again in August to reach 2%. The Livret A rate is automatically recalculated twice a year, to take effect on February 1 and August 1, based on a formula that combines inflation and short-term interest rates. The livret A, held by a vast majority of French people, has chained several months of record collection this year.
PEL rate also on the rise
As for the housing savings plans (PEL), it is also time for revaluation. The Ministry of Economy and Finance announced this Thursday the doubling of the remuneration rates for PEL open as of January 1, 2023, to 2% compared to the current 1%. Bercy followed a recommendation from the Banque de France, which is responsible for calculating the PEL rate. This is the first increase in 22 years.
Source: BFM TV
